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Purchase and Sale Agreement for 1901 W. Walnut St. <br />February 17, 2026 <br />Page 4 <br />5 <br />5 <br />6 <br />7 <br />Fiscal <br />Year <br />Accounting Unit <br />– Account # <br />Fund <br />Description <br />Accounting Unit, <br />Account Description <br />Amount <br />FY 25-26 01102002-57071 General Fund Miscellaneous <br />Revenue, Sale of Land <br />$852,000 <br />Total $852,000 <br />EXHIBIT(S) <br />1. Letter of Intent <br />2. Appraisal Report <br />3. Request Letter from Thrive for Purchase Price Subsidy <br />4. Economic Development Subsidy Report <br />5. General Plan Conformance <br />6. Purchase and Sale Agreement <br />7. HCD Exemption Letter <br />8. Proof of Publication <br />Submitted By: Michael L. Garcia, Executive Director of Community Development <br />Approved By: Alvaro Nuñez, City Manager <br />  <br />  <br />City Council 17 – 4 2/17/2026